The most common and most likely answer to this crossword clue is the 5 letter word WHACK
I've seen this crossword clue in The Times
W
H
A
C
K
More clues leading to the result WHACK
Buddy explains!

The straight part
We know that "Share/clobber" is the straight/definition part of the clue. The straight part is often a synonym or definition, in this case share/clobber = whack.The cryptic/wordplay part
In cryptic crossword there's often an wordplay/cryptic part as well.This part involves a more complex hint, such as an anagram, homophone, hidden word, etc.
Sadly, We don't have an explanation for this specific crossword clue yet.
What does WHACK mean?
WHACK adjective- Egregious.
- Bad (not good), inauthentic, of an inferior quality, contemptible, lacking integrity, lame, or strange.
- Crazy, mad, insane.
- Cool, bizarre, and potentially scary.
- The sound of a heavy strike.
- The strike itself.
- The stroke itself, regardless of its successful impact.
- An attempt, a chance, a turn, a go, originally an attempt to beat someone or something.
- (originally Britain cant) A share, a portion, especially a full share or large portion.
- A whack-up: a division of an amount into separate whacks, a divvying up.
- A deal, an agreement.
- The backslash, ⟨ \ ⟩.
- To hit, slap or strike.
- To kill, bump off.
- To share or parcel out; often with up.
- To beat convincingly; to thrash.
- (usually in the negative) To surpass; to better.